The online grocery business is gaining attention as the demand for online grocery delivery services has increased due to the coronavirus outbreak.

Earlier people preferred to order groceries online as a matter of convenience but now it has become the need of the hour. The concept of contact-less delivery of groceries adopted by the grocery delivery companies has further supported the business.

Today, where other businesses are struggling hard to survive in this pandemic, the online grocery delivery business is booming. The pandemic has encouraged many US consumers to buy groceries online for the first time, as per the reports shared by Business Insiders. The situation is no different in other countries like the UAE, Canada, Italy, France, etc.

Here are some facts related to the online grocery delivery business:

  1. Digital grocery sales in the US are estimated to reach $59.5 billion by 2023 (Source: Invesp)
  2. According to Statista, online grocery shopping in the U.S. will more than double from $14.2 billion in 2017 to $29.7 billion in 2021.
  3. The number of grocery delivery apps multiplied in the year 2020, and the number of online grocery stores also increased, making 2021 a great year for the customers to enjoy online grocery shopping without any barrier of availability and alternative like faced at the starting of the pandemic. 

Different verticals of the Grocery Industry:

  1. Daily Grocery

The best opportunity right now is to invest in a startup that deals with the supply of daily grocery items. You can choose the type of online business model you wish to start with, either a single -vendor business or a multi-vendor grocery delivery business.

2. Pet Supplies

There are very few online stores available that supply pet food items. So, if you are looking for a new business idea, an online pet food delivery business could be one of the best options.

3. Fresh Meat supplies

The demand for online fresh meat delivery services has also gained popularity these days. The startups like TenderCuts, Licious, ZappFresh are earning well.

4. Liquor & Wine Business

During the pandemic, there was a high demand for online wine & liquor delivery services. Many online grocery delivery platforms started with wine & liquor delivery, whereas even the offline liquor & wine shops shifted online by launching the liquor & wine delivery app and website.

5. Online Vegan Food Delivery Business

Healthy eating is a new habit that people now strictly follow amid the COVID-19 pandemic. People now look for plant-based foods, resulting in increasing the demand for online vegan food delivery business. 

“ As per the reports by Million Insights, the global vegan food market is expected to reach the US $ 24.06 billion by 2025 with a CAGR of 9.6%, which indicates that is the right time to invest and start your own online vegan food delivery business.”

To explore more eCommerce business ideas post COVID-19 you can continue reading the article “ Online Business Ideas that are worth investing amid the COVID-19 Pandemic”

Future of Online Grocery Business

The global online grocery market size is estimated at 27.5 billion US$ and the further expected growth was to reach 129.5 billion US$ by the end of 2025, with a CAGR of 24.8% during 2019–2025. But now due to the coronavirus outbreak, the figures have changed as the demand for online grocery supply has crossed the expectations of the experts and is still increasing each passing day. The online grocery delivery business is one of the most profitable online businesses for the year 2021 and will continue to grow as the rate of adaptability of the online grocery delivery business model has increased among grocery shoppers.

How to Build an Online Grocery Store?

The best way to establish a grocery business online is by opting for ready-made grocery solutions like Growcer Lite and Growcer. Such platforms help you to launch your grocery website easily and effectively.

Also read: Setting up Online GroceryBusiness in 2021? Here Is What You Need to Know